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How to find demand function from cobb-douglas utility function?

Answer

You have to maximize the utility function U=X*AY*B subject to the budget constraint, XPx+YPy=MT. The share spent on X is A, and the share spent on Y is B. To find the elasticity, take log of Utility function AlogX+BlogY, and find the derivative. It
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Charles Cobb and Paul Douglas. In economics, the
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The Cobb-Douglas production function , like other production functions, produces levels of output for combinations of inputs. firms that wish to maximize profit tests various combinations
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The Cobb-Douglas Function is gererally a micro formula, and as such, the determined values for it's coefficients change in the short-run. The GDP Output function is a Macro formula,
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Cobb-Douglas production function is the relationship between two inputs and one output. The Cobb Douglas production function utilizes the formula Y=AL^Beta x K ...
The Cobb-Douglas Function is gererally a micro formula, and as such, the determined values for it's coefficients change in the short-run. The GDP Output function ...
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